Banking & Finance

Our Banking & Finance practice group advises local and regional banks as well as international financial institutions. We have the leading local practice in asset finance in the aviation sector. We also structure and draft lending and security documentation for corporate lending transactions, including for structured finance and trade finance such as credit terms agreements, letters of comfort, guarantees and letters of credit. Our lawyers have diverse experience representing regional banks in large and complex cross border syndicated lending and securities arrangements. Our practice extends to debt capital markets, financial services and regulatory advice.

Our experiences include:
  • Advised an export credit agency on a USD 525 million sovereign guarantee from the Republic of Kenya;
  • Represented a local manufacturer in various banking facilities aimed at financing a local processing plant worth USD 102 million;
  • Advised a leading regional bank on various facilities and re-financing for a Kenyan industrial group exceeding USD 75 million;
  • Represented an export credit agency in the guaranteed financing of six 787 and one 777-300 Boeing aircraft to a national airline;
  • Represented an export credit agency in the guaranteed financing of four 777-200 Boeing aircraft to a national airline;
  • Reviewed various corporate guarantees to be issued by a company listed on the Nairobi Securities Exchange in relation to its subsidiaries trade finance arrangements;
  • Represented the financing arm of leading American aircraft manufacturer in the finance leases of more than 25 aircraft to local operators;
  • Represented the Kenyan and Rwandan subsidiaries of a regional banking group in a USD 35 million cross border syndicated facility to an international airline to finance its working capital requirements;
  • Represented a regional bank in a USD 25 million loan facility to a finance the construction and operationalization of a wheat farm;
  • Advised a Mauritius based company on the finance leasing of locomotives and other rolling stock valued at USD 35 million;
  • Represented a leading regional bank in a refinancing transaction for USD 20 million involving a regional group, and a syndicated lending to a Rwandese company for USD 10 million;
  • Advised a private equity firm on a USD 10 million convertible loan to a Kenyan company;
  • Advised a private equity firm in a USD 2.4 Million equity loan investment into a regional cabling manufacturing company;
  • Advised a number of local banks on the mortgage financing of aircraft to local operators;
  • Developed first in market transaction documentation for scheme trustees, fund administrators and financiers to use in pension backed mortgages upon introduction of this new financing product into the Kenyan market in 2011.

For more information on our Banking & Finance expertise, please contact Judy Kabubu - Partner and Head of Banking & Finance.

1st Floor, Wing B, Capitol Hill Square, Off Chyulu Road, Upper Hill, Nairobi, Kenya.
P.O. Box 8418 Nairobi 00200 / T: +254-20-2737572/5/8 +254-20-2596994 / M: +254 718 268 683

Dropping Zone: No 62, Revlon Plaza